擅长:python、mysql、java
<pre><code>#Cristian Benitez
principal = float(input("total loan amount taken: "))
interest_rate = float(input("annual interest rate applied: "))
duration = int(input("loan duration in years: "))
def monthly_loan(principal,interest_rate,duration):
n = duration*12 #total number of months
r = interest_rate/(100*12) #interest per month
monthly_payment = principal*((r*((r+1)**n))/(((r+1)**n)-1)) #formula for
compound interest applied on mothly payments.
return monthly_payment
#remaining loan balance calculation
def remaining_bal(principal,annual_interest_rate,duration,payments):
r = annual_interest_rate/1200 # monthly interest rate
m = r + 1
n = duration*12 #duration in months
# remaining balance using compound interest formula
remaining = principal*(((m**n)-(m**payments))/((m**n)-1))
return remaining
monthly = monthly_loan(principal,interest_rate,duration)
print("Loan amount: ",principal," Interest rate: ",interest_rate)
print("Duration (Years): ",duration," Monthly payment: ",int(monthly))
</code></pre>